House approves sweeping financial reforms

This is a very good sign for a possible beginning of a melt-down of the unchecked power that the Fed holds. For the 1,279-page bill includes plans for an agency that will “expose Federal Reserve monetary policy to unprecedented congressional scrutiny”.

WASHINGTON (Reuters) – The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and top Democrats in Congress.

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